Derek Ross on Nostr: A tax on unrealized gains is just plain stupid. ...

A tax on unrealized gains is just plain stupid.

quoting
nevent1q…j7mp

MartyBent (nprofile…45ym)

My local government informed me that they assessed the value of my house increased by 61%.

My property taxes are increasing 61%.

This is a tax on unrealized gains.

My income has not increased. I have realized any gain in the value of my house.